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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
1960 5th S Ave Saint Petersburg, FL 33712-1324
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4863789
Property summary
AI-generated overview
This exceptional 13,695-square-foot industrial property, situated on a 0.73-acre lot in St. Petersburg, Florida's Warehouse Arts District, presents a unique investment opportunity. Built in 1960 and zoned for industrial use, this versatile building boasts a combination of warehouse and manufacturing space, ideal for a variety of businesses. The property includes 13 parking spaces and features a significant $777,000 in improvements. Its prime location on 5th Avenue S, in the 33712 zip code, offers excellent visibility and accessibility. The property's existing buildout includes a bar and lounge area, adding to its potential uses. This off-market complex offers a rare chance to acquire a substantial industrial space in a thriving Tampa Bay area market. The property's outdoor venue adds further versatility and potential for expansion. This is a remarkable opportunity to own a well-maintained, high-exposure industrial property in a vibrant and rapidly growing area. The property's size and location make it an attractive investment for both established businesses and entrepreneurs seeking a strategic foothold in the St. Petersburg market.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,950 SF
Lot
0.73 ac (31,729 SF)
APN
24-31-16-43992-000-0010
UPID
US18-4863789
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Spirits In Bulk Brewery & Distillery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$590k
Owner & transaction history
1960 5th Avenue S LLC · 12 yrs held
1960 5th Avenue S LLC
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$690,000
+99.4%
Auto repair, garage
$680,000
+96.5%
Neighborhood: shopping center
$620,000
+79.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saint Petersburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Petersburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$690,000
Change: +99% · Conversion: Easy
AUTO REPAIR, GARAGE
$680,000
Change: +97% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$580,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$460,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$303 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,285
Tax year 2023
Assessed value
$1,270,000
Assessed 2023
Previous assessed
$1,047,000
+21.3% YoY
Effective rate
1.12%
On assessed value
Land market value
$815,182
Improvement market value
$454,818
Total market value
$1,270,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
6
Total area
1,950 SF
Lot
0.73 ac (31,729 SF)
APN
24-31-16-43992-000-0010
UPID
US18-4863789
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
OFFICE BUILDING
Est. value
$580,000
RETAIL STORES
Est. value
$460,000
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
6
Lot
0.73 ac
Current owner
From public records · entity-resolved
1960 5th Avenue S LLC
Entity
Mailing address
2101 3RD AVE S #6, SAINT PETERSBURG, FL 33712-1215
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
1960 5th Avenue S LLC
—
Deed
related
$1,500,500 · Waterfall Bank
Oct 17, 2018
—
1960 5th Avenue S LLC
—
Deed
related
$1,658,795 · Bank Of The Ozarks
Apr 21, 2014
$425,000
1960 5th Avenue S LLC
Anson,john L
Warranty Deed
$350,000 · Anson John L Living Trust (lt)
Apr 14, 2014
$30,000
John L Anson
Food Wholesalers INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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